Investing.com - The Goodyear Tire&Rubber reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The Goodyear Tire&Rubber announced earnings per share of $-1.87 on revenue of $2.14B. Analysts polled by Investing.com anticipated EPS of $-2.08 on revenue of $1.92B.
The Goodyear Tire&Rubber shares are down 37% from the beginning of the year , still down 43.55% from its 52 week high of $17.20 set on November 7, 2019. They are under-performing the Nasdaq which is up 18% from the start of the year.
The Goodyear Tire&Rubber shares gained 2.16% in pre-market trade following the report.
The Goodyear Tire&Rubber follows other major Consumer Cyclical sector earnings this month
The Goodyear Tire&Rubber's report follows an earnings beat by Tesla on July 22, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
Louis Vuitton ADR had missed expectations on Sunday with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $8.42B.
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